Infestos obtains over 86% in Neways as a result of its public takeover bid

This is a joint press release by Neways Electronics International N.V. ("Neways"), and Infestos Sustainable Solutions B.V. (the "Offeror"), a direct wholly-owned subsidiary of Infestos Sustainability B.V. ("Infestos Sustainability") in connection with the recommended public offer by the Offeror for all the issued and outstanding ordinary shares in the capital of Neways (the "Shares"). This announcement does not constitute an offer, or any solicitation of any offer, to buy or subscribe for any securities in Neways. The offer is made only by means of the offer memorandum (the "Offer Memorandum") approved by the Dutch Authority for Financial Markets (Stichting Autoriteit Financiële Markten (the "AFM")) which is available as of 31 August 2021, and subject to the restrictions set forth therein. This announcement is not for release, publication or distribution, in whole or in part, in or into, directly or indirectly, in any jurisdiction in which such release, publication or distribution would be unlawful. Terms not defined in this press release will have the meaning as set forth in the Offer Memorandum.

INFESTOS OBTAINS OVER 86% IN NEWAYS AS A RESULT OF ITS PUBLIC TAKEOVER BID

Enschede/Son, the Netherlands, 5 November 2021 - the Offeror and Neways are pleased to jointly announce that, following settlement of the Offer today, the Offeror holds 86.22% of the Shares on a fully diluted basis. In addition, the conditional appointment of Mr Riefel and Mr Van Roij to the supervisory board of Neways became unconditional and will be effective as from today.

Remaining Shares can be tendered during the Post-Closing Acceptance Period, expiring at 17:40 hours on 17 November 2021. Reference is made to the Offeror's press release of 3 November 2021.

Further information

Any further announcements will be made if and when required. More information can be found in the Offer Memorandum and Position Statement, which are published on www.newayselectronics.com and www.infestos.com.

General restrictions

The information in this announcement is not intended to be complete. This announcement is for information purposes only and does not constitute an offer or an invitation to acquire or dispose of any securities or investment advice or an inducement to enter into investment activity. This announcement does not constitute an offer to sell or issue or the solicitation of an offer to buy or acquire the securities of Neways in any jurisdiction.

The distribution of this press release may, in some countries, be restricted by law or regulation. Accordingly, persons who come into possession of this document should inform themselves of and observe these restrictions. To the fullest extent permitted by applicable law, the Offeror and Neways disclaim any responsibility or liability for the violation of any such restrictions by any person. Any failure to comply with these restrictions may constitute a violation of the securities laws of that jurisdiction. Neither Neways, nor Offeror, nor any of their advisers assume any responsibility for any violation by any person of any of these restrictions. Shareholders in any doubt as to their position should consult an appropriate professional adviser without delay. This announcement is not for release, publication or distribution, in whole or in part, in or into, directly or indirectly, in any jurisdiction in which such release, publication or distribution would be unlawful.

Forward-looking statements

This press release may include "forward-looking statements" such as statements relating to the impact of this transaction on the Offeror and Neways and language that indicates trends, such as "anticipated" and "expected". These forward-looking statements speak only as of the date of this release. Although Neways and the Offeror believe that the assumptions upon which their respective financial information and their respective forward-looking statements are based are reasonable, they can give no assurance that these assumptions will prove to be correct. Forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from historical experience or from future results expressed or implied by such forward looking statements. Potential risks and uncertainties include, but are not limited to, the Offeror's ability to achieve the anticipated results from the acquisition of Neways, the effects of competition (in particular the response to the Transaction in the marketplace), economic conditions in the global markets in which the Offeror and Neways operate, and other factors that can be found in the Offeror's and Neways' press releases and public filings. Neither Neways nor the Offeror, nor any of their advisers accept any responsibility for any financial information contained in this press release relating to the business or operations or results or financial condition of the other or their respective groups. Each of Neways and the Offeror expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statements contained herein to reflect any change in the expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based.